2 Regulator Interactions Jobs

Are you excited about being a key player in the dynamic world of Custody Operations This role offers you the opportunity to utilize your expertise in client account onboarding and regulatory compliance to ensure smooth trade and settlement processes. This is a chance to advance your career in a fast-paced environment where your skills in communication, management, and problem-solving will be highly appreciated. Join us to make a significant impact and drive success in the India trade and settlement landscape. As an Associate in the Custody Operations team, you will be responsible for providing processing support to ensure effective and efficient delivery of India Custody Operations. Your duties will include managing client account onboarding and static data maintenance processes while ensuring compliance with regulations. You will also interact with designated depository participants to obtain the necessary account documentation and prepare regulatory returns and reports. Additionally, you will oversee daily business deliverables, ensure service quality, and identify opportunities for process efficiency. Job responsibilities include: - Providing processing support for India Custody Operations - Ensuring client account onboarding and static maintenance processes comply with Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) regulations, including compliance activities such as KYC norm fulfillment - Managing account opening on Depositories like National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) to facilitate client trading in the India market - Interacting with designated depository participants for account documentation - Preparing, reviewing, and timely submitting Regulatory Returns and reports to India Custody business - Coordinating planning, data preparation, and audit submissions for regulators - Supervising day-to-day management of business deliverables and the team - Ensuring operational procedures are followed and service quality is maintained - Identifying opportunities for process efficiency and implementing them post sign-off from supervisor/Controls team - Communicating effectively with key stakeholders Required qualifications, capabilities, and skills: - Bachelor's Degree - Minimum 5 years of experience in banking operations related roles - National Institute of Securities Markets (NISM) Depository Certification - Strong analytical skills and proficiency in Microsoft Office - Strong people management skills and experience in team management - Initiative and willingness to question processes - Flexibility to work on holidays or extended hours during high volume days - Positive attitude and readiness to tackle challenges - Excellent communication skills Preferred qualifications, capabilities, and skills: - Previous experience in securities processing, fund accounting, and/or custody operations - Professional qualification is an added advantage - Experience in regulatory compliance and audit processes - Familiarity with SEBI and RBI regulations - Ability to manage client and regulator interactions effectively - Experience in process efficiency and improvement initiatives,

About Us At Bank of America, you will be part of a company guided by a common purpose to help improve financial lives through the power of connections. Responsible Growth is the foundation of our operations, ensuring we deliver for our clients, teammates, communities, and shareholders consistently. Being a great place to work for our global teammates is crucial for driving Responsible Growth. We are committed to fostering a diverse and inclusive workplace, hiring individuals with varied backgrounds and investing in their well-being through competitive benefits that support their physical, emotional, and financial health. Flexibility and collaboration are key values at Bank of America. We provide a multi-faceted approach to flexibility based on the diverse roles within our organization. Working at Bank of America offers you a rewarding career with ample opportunities for learning, growth, and impact alongside the ability to make a meaningful difference. Join us! Global Business Services Global Business Services provides Technology and Operations capabilities to Bank of America's Lines of Business and Staff Support Functions through a globally integrated delivery model and resilient operations. Recognized for flawless execution, sound risk management, operational resiliency, operational excellence, and innovation, Global Business Services operates across five locations in India under BA Continuum India Private Limited (BACI), the non-banking subsidiary of Bank of America Corporation that oversees India operations. Process Overview The Analytics, Risk and Quant (ARQ) group supports global Bank businesses with analytical, quantitative, and risk management solutions. Operating from Mumbai, Gurugram, Hyderabad, Chennai, and GIFT, the Quants team within ARQ focuses on model development, governance, quantitative analysis, and designing platforms for various verticals of Bank of America. Job Description We are seeking a seasoned leader to manage the Global Financial Crime Modeling and Analytics (GFCMA) team within Global Risk Analytics (GRA). This role involves overseeing multiple sub-groups collaborating on model development and governance, including GFCMA, Global Markets risk, alternate modeling, data science models, economic data research, and model engineering. The ideal candidate should have hands-on experience in quantitative fields and managing highly qualified teams. Responsibilities The selected candidate will have the following responsibilities: - Conducting in-depth analysis of the Banks" risk model results using quantitative tools like back testing, benchmarking, and sensitivity analysis - Articulating the overall picture of model performance, including accuracy and areas needing remediation - Communicating model results to stakeholders such as risk management, model development, senior management, and regulators - Supporting model development by ensuring remediation of issues before implementation Requirements Education: - Bachelors/Masters or PhD in a quantitative field from top-tier institutes like IITs, NITs, Indian Statistical Institutes, etc. Certifications: FRM, CFA, CQF, etc. Experience Range: 12+ years Foundational skills: - Strong Quantitative and Leadership skills - Minimum of 5 years leading quantitative analysis or risk management teams - Advanced knowledge of statistical and machine learning methods, Python, SAS, SQL, and wholesale modeling - Experience in talent management, regulator interactions, and risk management - Excellent communication skills and attention to detail - Strong analytical and problem-solving skills - Inquisitive nature and ability to escalate issues Desired skills: - Proficiency in speaking, presentation, and influencing skills - Ability to produce high-quality technical documentation Work Timings 12.30pm to 9.30pm Job Location Chennai, Mumbai, Gurugram, Hyderabad,